EL7.AI
Central BanksMedium•8 November 2026•
1 min read

Fed Rate Hike Odds Surge to 80% Ahead of Key US Inflation Data

Key Facts

1Fed funds futures pricing shows an 80% probability of a rate hike in December.
2Markets are awaiting October CPI and PPI data to test sentiment.
3CoreWeave earnings are expected alongside key economic data releases.

Fed funds futures pricing shows an 80% probability of a interest rate hike in December. Binance reported that markets are currently awaiting the release of October Consumer Price Index (CPI) and Producer Price Index (PPI) data, alongside expected earnings results from CoreWeave.

CoreWeave closed at $46.4 on November 6, 2026, as strong economic signals drive traders to price in further monetary tightening. This momentum follows the release of Nonfarm Payrolls data on November 6, 2026, which showed 165,000 jobs added, significantly exceeding the forecast of 65,000.

The Consumer Price Index (CPI) is scheduled for release on November 10, 2026, with forecasts projecting an annual inflation rate of 3.7%. Additionally, Fed Governor Waller is set to deliver a speech on the same day, which may provide further clarity on the rate path ahead of the December meeting.